These three stocks created a new 52-week high today; do you own any?

Today, the broader indices, including Nifty50 and BSE Sensex, closed the session in the green. The Nifty50 index opened the day at 19,298.35, which was 32.55 points higher than the previous day’s closing level of 19,265.80. It eventually concluded the day at 19,306.05, up by 40.25 points or 0.21%. Meanwhile, the BSE Sensex closed at 64,996.60, marking a gain of 110 points from the previous day’s closing level.

In this article, we will explore the stocks that have reached new 52-week highs, considering the company’s previous 52-week prices recorded in the year 2022.

Puravankara Limited

It is engaged in the business of real estate development and sales. It has projects in major metro cities such as Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune, and Goa.

Today, the company’s shares surged by 2.41%, concluding the session at Rs 112.8 on the NSE. The company’s market capitalization stands at Rs 2,643 crore.

During Q1 FY24, the company’s revenue experienced growth of 50%, increasing from Rs 215 crore to Rs 323 crore. The company achieved an operating profit of Rs 69 crore, with an operating profit margin of 19%. However, the company reported a net loss amounted to Rs 18 crore. The company’s ROCE and ROE are 8.7% and 3.3%, respectively. Moreover, the stock has generated a return of 34% over the past three months.

Jullundur Motor Agency (Delhi) Limited

Established in 1927, is involved in the trading and distribution of automobile parts, accessories, and petroleum products. Situated in Gurugram, the company operates branches across India.

Today, the company’s shares surged by 15.41%, concluding the session at Rs 82 on the NSE. The company’s market capitalization stands at Rs 188 crore.

During Q1 FY24, the company’s revenue experienced a growth of 1.7%, increasing from Rs 116.25 crore to Rs 118.21 crore. The operating profit of the company is Rs 5.25 crore, with an operating profit margin of 4.44%. The net profit of the company stood at Rs 4.78 crore. However, the company’s ROCE and ROE are significantly low at 19% and 14%, respectively. Additionally, the stock has generated a return of 18% over the past three months.

Confidence Petroleum India Limited

It is involved in the manufacturing of LPG cylinders and serves as a supplier of auto LPG in India through its network of bottling plants and Auto LPG dispensing stations across the country. The company also provides packed LPG cylinders and is engaged in LPG bottling for industrial and commercial customers.

Today, the company’s shares surged by 11.18%, concluding the session at Rs 93 on the NSE. The company’s market capitalization stands at Rs 2,626 crore.

During Q1 FY24, the company’s revenue experienced an increase of 146%, rising from Rs 355 crore to Rs 875 crore. The company achieved an operating profit of Rs 76 crore, with an operating profit margin of 9%. The net profit amounted to Rs 33 crore. The company’s ROCE and ROE are 17.6% and 11.9%, respectively. However, the stock has generated a return of 37% over the past three months.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.